Tag: Turkish imported ferrous scrap prices drop sharply in recent US deal

A bulk US cargo with 18,000 t of shredded and 12,000 t of bonus was sold at an average price of $415/t CFR Turkiye for the late March shipment.As per sources, the newly derived HMS (80:20) price drops by $8/t to $395-396/t amid declining US sell-side sentiment, anticipating lower domestic scrap settlements. The Turkish market…